Finance

CB Insights' State of Digital Health 2021 Report also found 574 M&A deals, up 44% from 2020.

The open letter from Blackwells Capital comes days after CEO John Foley said the company was "right-sizing" its production and evaluating layoffs.

Peloton CEO John Foley said the company is considering downsizing.

In a preview of their HIMSS22 presentation, Robert Jarrin, strategic advisor to ResMed Corp., and Brian Scarpelli, senior global policy counsel at the Connected Health Initiative, explain the current digital health reimbursement landscape.

The deal adds to Dario's musculoskeletal care offerings. It launched its Dario Move platform in October.

This news comes less than a month after the company closed its acquisition of health kiosk company Higi. 

The acquisition is expected to help Thread customers capture real-world data. 

The company is looking to use the new funds to expand internationally. 

Also: German startup Wellster Healthtech brings its Series B raise to $60 million, Faeth Therapeutics scoops up $20 million and Yuvo Health announces a $7.3 million seed round.

The class action lawsuit alleges a proxy statement provided to investors before the merger misrepresented the company's financial performance and prospects.